Canal Fest of the Tonawandas Inc

Analysis

Canal Fest of the Tonawandas Inc is a registered charity in United States, based in N Tonawanda, NY. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Canal Fest of the Tonawandas Inc reported income of $171k and spending of $156k, spending 91% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $156k to $171k (+9.6%), an average of +3.1% a year. The sharpest change came in the year to March 2023, when income rose by 6692%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Canal Fest of the Tonawandas Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Wamego Historical Society Inc ($171k), Caminos Del Inka Inc ($171k) and Afghan Community Islamic Center Inc ($171k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.